Accounting Interview Question:

What is inventory management?

Submitted by: Administrator

Inventory management is an automated process of managing the stock of products and the various things involved with it Involves a retailer seeking to acquire and maintain a proper merchandise assortment while ordering, shipping, handling, and related costs are kept in check. Systems and processes that identify inventory requirements, set targets, provide replenishment techniques, and report actual and projected inventory status.Submitted by: Administrator

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